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Harsha proposes tax reforms to relieve burden on middle class and professionals

Harsha proposes tax reforms to relieve burden on middle class and professionals
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The Potential for Major Estate Tax Changes During the Biden Administration: What You Need to Know

The Potential for Major Estate Tax Changes During the Biden Administration: What You Need to Know
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Detailed text transcripts for TV channel - FOXNEWS - 20181205:21:26:00

received millions in bailout money. yes, they repaid it but the question is, does this decision come as a surprise to you given that history? we talked about both issues. you re right. if you look at the tax reform proposal, it lowers the rate for general motors in terms of the income tax rate. mexico is 30%. we used to be 35. now we re 21. it s more competitive to be a company invested in america. second and significantly for us, you get an immediate write off if you invest in plants like lordstown. so the tax bill is something that general motors should be using to invest in lordstown for a new product. we understand the cruz is not selling like it used to. that s a market condition. we can t change that. but we understand this plant deserves the support of this company. let me answer that real quick. i was here, my second year in the senate when we began the process on the banking committee on the rescue of g.m. and

Detailed text transcripts for TV channel - CNN - 20180213:11:58:00

community all the way down to 21. wouldn t this tax reform proposal been much better if they would have cut the business tax rate from 35 to 25, like the business community asked for for years and put 400 billion new dollars in infrastructure when you count third party lenverage you get that trillion and a half, two trillion. do you have any republicans who agree with exactly that and can you get it passed? prior to the tax reform bill, there was a huge bipartisan coalition which i led for infrastructure and tax reform together. again, in this tax reform plan which they were entirely focussed on cutting taxes, they used a lot of the revenue sources. i call listen, even a few weeks ago, i called for them to basically go back to that deal, open it up, raise the corporate rate from 21 to 23. that would create $200 billion to fund this plan. putting aside other aspects of this plan, that would be $200 billion of new money. we would end up with more new net money in infrastructure,

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